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REGISTERED NUMBER: 08568244 (England and Wales)


Financial Statements for the Year Ended 31 July 2023

for

Aryans Minimart Limited

Aryans Minimart Limited (Registered number: 08568244)






Contents of the Financial Statements
for the Year Ended 31 July 2023




Page

Company Information 1

Statement of Financial Position 2

Notes to the Financial Statements 4


Aryans Minimart Limited

Company Information
for the Year Ended 31 July 2023







DIRECTORS: Mr Jatinkumar Patel
Mrs Hemangini Patel





REGISTERED OFFICE: Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD





REGISTERED NUMBER: 08568244 (England and Wales)





ACCOUNTANTS: Sterling Accounting Services Limited
Bridge House
9-13 Holbrook Lane
Coventry
CV6 4AD

Aryans Minimart Limited (Registered number: 08568244)

Statement of Financial Position
31 July 2023

31.7.23 31.7.22
Notes £    £    £    £   
FIXED ASSETS
Intangible assets 4 90,000 90,000
Property, plant and equipment 5 3,278 4,218
93,278 94,218

CURRENT ASSETS
Inventories 36,712 37,972
Debtors 6 61,485 37,505
Cash at bank and in hand 34,860 43,593
133,057 119,070
CREDITORS
Amounts falling due within one year 7 155,305 134,509
NET CURRENT LIABILITIES (22,248 ) (15,439 )
TOTAL ASSETS LESS CURRENT
LIABILITIES

71,030

78,779

CREDITORS
Amounts falling due after more than one
year

8

29,966

39,690
NET ASSETS 41,064 39,089

CAPITAL AND RESERVES
Called up share capital 9 100 100
Retained earnings 40,964 38,989
SHAREHOLDERS' FUNDS 41,064 39,089

The company is entitled to exemption from audit under Section 477 of the Companies Act 2006 for the year ended 31 July 2023.

The members have not required the company to obtain an audit of its financial statements for the year ended 31 July 2023 in accordance with Section 476 of the Companies Act 2006.

The directors acknowledge their responsibilities for:
(a)ensuring that the company keeps accounting records which comply with Sections 386 and 387 of the Companies Act 2006 and
(b)preparing financial statements which give a true and fair view of the state of affairs of the company as at the end of each financial year and of its profit or loss for each financial year in accordance with the requirements of Sections 394 and 395 and which otherwise comply with the requirements of the Companies Act 2006 relating to financial statements, so far as applicable to the company.

Aryans Minimart Limited (Registered number: 08568244)

Statement of Financial Position - continued
31 July 2023


The financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime.

In accordance with Section 444 of the Companies Act 2006, the Income Statement has not been delivered.

The financial statements were approved by the Board of Directors and authorised for issue on 20 March 2024 and were signed on its behalf by:





Mr Jatinkumar Patel - Director


Aryans Minimart Limited (Registered number: 08568244)

Notes to the Financial Statements
for the Year Ended 31 July 2023

1. STATUTORY INFORMATION

Aryans Minimart Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2. ACCOUNTING POLICIES

Basis of preparing the financial statements
These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" including the provisions of Section 1A "Small Entities" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

Turnover
Turnover represents net sales value of goods, excluding value added tax.

Intangible assets
Intangible assets are initially measured at cost. After initial recognition, intangible assets are measured at cost less any accumulated amortisation and any accumulated impairment losses.

Tangible fixed assets
Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.
Plant and machinery etc - 25% on reducing balance

Stocks
Inventories are valued at the lower of cost and net realisable value, after making due allowance for obsolete and slow moving items.

3. EMPLOYEES AND DIRECTORS

The average number of employees during the year was 5 (2022 - 4 ) .

4. INTANGIBLE FIXED ASSETS
Goodwill
£   
COST
At 1 August 2022
and 31 July 2023 90,000
NET BOOK VALUE
At 31 July 2023 90,000
At 31 July 2022 90,000

Aryans Minimart Limited (Registered number: 08568244)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

5. PROPERTY, PLANT AND EQUIPMENT
Plant and
machinery
etc
£   
COST
At 1 August 2022 41,544
Additions 154
At 31 July 2023 41,698
DEPRECIATION
At 1 August 2022 37,326
Charge for year 1,094
At 31 July 2023 38,420
NET BOOK VALUE
At 31 July 2023 3,278
At 31 July 2022 4,218

6. DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade debtors 61,000 37,060
Other debtors 485 445
61,485 37,505

7. CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR
31.7.23 31.7.22
£    £   
Trade creditors 60,367 53,586
Taxation and social security 34,568 31,167
Other creditors 60,370 49,756
155,305 134,509

8. CREDITORS: AMOUNTS FALLING DUE AFTER MORE THAN
ONE YEAR
31.7.23 31.7.22
£    £   
Bank loans 29,966 39,690

Aryans Minimart Limited (Registered number: 08568244)

Notes to the Financial Statements - continued
for the Year Ended 31 July 2023

9. CALLED UP SHARE CAPITAL

Allotted, issued and fully paid:
Number: Class: Nominal 31.7.23 31.7.22
value: £    £   
100 Ordinary £1 100 100

10. RELATED PARTY DISCLOSURES

During the year, the company has to paid rent of £18,000 (2022 - £18,000) in respect of use of property owned by the Directors.